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American2Day

News and opinion for Michigan, Eaton County, and the Mulliken area

American2Day

News and opinion for Michigan, Eaton County, and the Mulliken area

National

Ackman urges Trump administration to end housing giants’ conservatorships by 2027

A2D News Desk

Fannie Mae and Freddie Mac shares surged on October 22 after Pershing Square CEO Bill Ackman urged the Trump administration to target 2027 for ending the companies' federal conservatorships. Fannie Mae closed at $4.21, up 12.57 percent, while Freddie Mac rose 14.83 percent to $3.95.

Ackman described ending federal control as politically critical and recommended that officials begin work on the transition after the new year. Both government-sponsored enterprises have been under the conservatorship of the Federal Housing Finance Agency since September 6, 2008.

Read the full story at tokenpost.com.

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